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Martin Marietta Materials Inc . (NYSE:MLM) stock has reached a new 52-week low, dipping to $485.61 as investors navigate through a period of market volatility. According to InvestingPro data, the company maintains a GOOD financial health score, with analyst targets ranging from $370 to $730. The company, known for its building materials and construction aggregates, has seen its stock price fluctuate in response to industry trends and economic factors. Trading at a P/E ratio of 16.38, MLM has demonstrated resilience through consistent dividend payments for 31 consecutive years. Despite the recent downturn, MLM’s performance over the past year reflects a relatively modest decline, with a 1-year change showing a decrease of 6.77%. This latest price level presents a critical juncture for the company as it looks to strengthen its market position and reassure shareholders of its long-term value amidst the current economic landscape. InvestingPro subscribers have access to 10 additional ProTips and a comprehensive Research Report that provides deeper insights into MLM’s valuation and growth prospects.
In other recent news, Martin Marietta Materials, Inc. reported fourth-quarter earnings that exceeded expectations, but its revenue fell short of analyst predictions. The company posted earnings per share of $4.79, surpassing the consensus estimate of $4.64, yet the revenue of $1.63 billion did not meet the projected $1.65 billion. In the same quarter, aggregates shipments rose by 2.7% to 47.9 million tons, with the average selling price for aggregates increasing 8.6% to $21.95 per ton, leading to a 16% jump in aggregates gross profit to $379 million.
CEO Ward Nye acknowledged challenges in 2024, such as inclement weather and softening construction demand, but emphasized the company’s strategic focus, which led to a return to earnings growth and margin expansion. Looking forward, Martin Marietta provided its full-year 2025 revenue guidance of $6.83 billion to $7.23 billion, compared to the consensus estimate of $7.21 billion. The company also expects aggregates shipment volume growth of 2.5% to 5.5% and average selling price growth of 5.5% to 7.5% in 2025. These are some of the recent developments in the company’s performance and future expectations.
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